Buy Ipca Labs, PVR, TVS Motors, Escorts: Sharmila Joshi

In CNBC-TV18's popular show Bull's Eye, Sharmila Joshi of Peerless Securities shares her trading strategies for the day.

I am continuing my trend of keeping one pharma stock in my portfolio, because I think that at times like this one also needs to have some amount of safety. Ipca Laboratories in the midcap pharma space is one of the strongest plays and it has potential of becoming a large cap pharma. Post the USFDA approval for its Indore facility better things are expected from the company because it could shift some of the approvals to this facility and be able to market these in the US successfully. I have a longer term target of about Rs 785 on the stock. For the day I will buy it with a target of Rs 734. One may buy PVR with a day target of Rs 513. Here we are seeing a consolidation in the entire exhibition space and PVR has emerged as the strongest play with a pan India presence. They have some big ticket releases lined up and this gives me great comfort in the stock. I would have a longer term target of about Rs 585 on the stock. One may buy TVS Motor Company with a target of Rs 41.50. We have seen a good set of sales numbers coming from TVS Motors after quite a while, so this was a pleasant surprise and we have seen the stock rally from thereon. It has some amount of catch up to do. It has actually underperformed the sector with good reason, but the kind of numbers that we saw from them coupled with the fact that we have seen a good monsoon this year, one is going to see a good pick up on the two wheeler space which gives me hope that TVS Motors could perform well in days to come. I would buy this stock with a longer term target of about Rs 47, for the day I am buying it with a target of Rs 41.50. One may buy Escorts with a target of Rs 90. This is also bit of a play on monsoon. Not only we have seen a good monsoon this year, but the kind of delayed withdrawal that we are seeing means that the winter crop also promises to be good. This will mean that one will see a further up tick in the farm equipment space and we have seen a good set of numbers coming from Escorts in the last couple of quarters and I think that this quarter too will prove to be a good quarter for Escorts which is why I will buy the stock with a day target of Rs 90.